Attacker Drains $20M From BonkDAO Treasury Through Token-Weighted Exploit

The post Attacker Drains $20M From BonkDAO Treasury Through Token-Weighted Exploit appeared first on Coinpedia Fintech News

BonkDAO (Decentralized Autonomous Organization) has reported that it was recently the victim of a $20 million drain via a decentralized governance exploit. BonkDAO suffers $20M theft According to the organization, the attacker first purchased $4 million worth of BONK tokens from several exchanges to gain sufficient voting power. They then used this to single-handedly pass …